Aussie dips, UK braces itself, Powell ready for a grilling
NAB Morning Call
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The RBA's Minutes
There was no mention of the sum further tightening maybe needed in the minutes. It's not really clear exactly how much we should read into it, but it is worth noting that a version of that statement has been in every single minute since the RBA started its rate hike cycle in May 2022. There was some ambiguous phrasing that could imply a pause is more likely in July. So you could read that possibly saying, well, if the RBA hiked in June, then a pause in July is more probable.
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